Technical Analysis 22-April-2019
Price in previous week return from Bearish movement . The reason was fundamental news about Germany economy .Price is in a Correction around new resistance area which was a Support area . If this area broke out and consolidate over it we will expert movement until upper trend line other wise we can see a continue on bearish move .
In previous week price before touched upper line of channel return which was effect of fundamental news . Although the alert of this return was clear from break out of smaller channel . Currently price is move toward lower line of main channel in daily chart .The first target in bearish move is green trend line at 1.1152 and after that red trend line at 1.1058 . If price return to a bluish the first target is upper line of main channel .
price is moving in drawn channel and currently move to lower line of channel . After touching lower line of channel we expect a return with bullish movement otherwise if this line break we go in a short position .
Price is around the lower line of channel and support area . We have a good opportunity for buy if we see a return signal . Other wise if support area and lower line of channel break out we input on short position .
Price return to drawn trend line last week which is upper line of triangle . Triangle pattern is remain and validate and price is goes to lower line of triangle and channel . now other wise if higher line of triangle break out we can input on buy position .
Price break out support area and goes to lower line of channel . we can input in short position according strategy .
Price in previous week could not break out drawn trend line and return in channel . Currently it is around lower line of channel .We have a good opportunity for long position if we have return sign . Other wise if lower line of channel break out we can go in short position